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Iowa Code Title XIII. Commerce [Chs. 505-554D] § 524.531. Loaning on its own shares

Current as of January 01, 2024 | Updated by Findlaw Staff

A state bank shall not make any loan or extension of credit on the security of the shares of its own capital, unless such security is necessary to prevent loss upon a debt previously contracted in good faith.

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Cite this article: FindLaw.com - Iowa Code Title XIII. Commerce [Chs. 505-554D] § 524.531. Loaning on its own shares - last updated January 01, 2024 | https://codes.findlaw.com/ia/title-xiii-commerce-chs-505-554d/ia-code-sect-524-531/

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